FourKites | September 01, 2021
FourKites®, the world’s leading real-time supply chain visibility platform, has released powerful new capabilities designed to help shippers, carriers and forwarders more quickly and easily collaborate to increase end customer satisfaction, reduce supply chain costs and increase on-time delivery performance. With ever-increasing demand, supply chain visibility has become table stakes for modern supply chains, and seamless connection and communication between carriers and shippers has never been more important. FourKites’ combination of swift carrier connections, powerful collaboration tools and the industry’s highest-quality real-time logistics data provides shippers and their forwarder/carrier partners with robust assurances of rapid, frictionless implementation and faster time to value.
Instant Messenger, now with extended capabilities that allow shippers to chat directly with forwarders and carriers, gives supply chain partners the ability to view and share important information and resolve issues together, in real time. Without leaving the FourKites platform, track-and-trace and dispatch workers, drivers and warehouse personnel can view the critical information that affects shipments and deliveries — all in one single interface. Users can share documents, photographs and notes for any given load, as well as form online workgroups and control access as needed.
CarrierLink®, the industry’s most downloaded visibility app for drivers, now includes improved turn-by-turn navigation for better route optimisation; mobile check-in; and new capabilities for updating appointment times, adding notes to loads and uploading paperwork. It also features enhanced capabilities for viewing fuel stops, weigh stations, location ratings and amenities along routes.
"We have hundreds of carriers within our network, from the courier side to the truckload side. When it comes to onboarding, FourKites has been fantastic,” said Josh Dolan, VP of Global Logistics, Cardinal Health. “They've done a phenomenal job working with carriers through the process and helping us fill the gap with new technologies that simplify and speed up onboarding, and enhance communication between Cardinal Health and our partners."
The German multinational Bayer saves time while increasing customer satisfaction thanks to FourKites’ supply chain visibility platform. The impact has already been so strong that the company has made visibility an essential part of its long term strategy.
“Every day, our carriers automatically share location data with our FourKites platform on hundreds of loads throughout Europe,” says Edmund Jager, Head of Distribution EMEA at Bayer. “We are able to track our products minute by minute and, in real time, pass on detailed arrival times to our customers. This means the distributors we supply always know their stock situation and end customers can depend on us to get them the seeds and crop protection they need, when they need them. We look forward to onboarding more carriers and so strengthen our customer-centric approach.”
In addition, FourKites recently announced its industry-first Tracking Quality Guarantee, which establishes the highest standards in supply chain data, guaranteeing real-time visibility and predictive intelligence into a minimum of 90% of customers’ shipments — end-to-end and across every mode and geography. This differentiated approach gives supply chain partners the collaborative opportunities and network effects they need to improve customer satisfaction and optimise their supply chain performance.
“As the first mover and leading innovator in real-time visibility and supply chain management solutions, FourKites is committed to helping shippers, forwarders and carriers achieve end-to-end supply chain visibility faster, and with assurances of the highest-quality tracking in the industry,” said FourKites founder and CEO Mathew Elenjickal. “We are excited to make these powerful new capabilities available to the community to enable greater collaboration and communication, and ultimately, value.”
FourKites® is the #1 supply chain visibility platform in the world, extending visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching 176 countries, FourKites combines real-time data and powerful machine learning to help companies digitise their end-to-end supply chains. More than 600 of the world’s most recognised brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains.
Box Equities | November 11, 2021
Box Equities, a real estate investment group focused on the consumer goods industrial sector, today announced that it has entered into a joint venture agreement with Artemis Real Estate Partners, a Washington, DC – based private equity firm. Artemis has raised approximately $6 billion of capital across core, core plus, value-add and opportunistic strategies. The firm makes equity and debt investments in real estate across the United States.
Box Equities further announced the acquisition of a 500,000-square-foot warehouse in Kings Mountain, North Carolina with a single tenant, Hanesbrands. This brings the ten-month-old New York-based Box Equities’ portfolio of industrial real estate to more than 2.3 million square feet.
The new acquisition exemplifies Box Equities’ approach to real estate, which includes buying commercial properties in markets with loyal labor pools. The company also works closely with local economic development authorities to create jobs and generate investment opportunities in markets throughout the country. With this approach, Box Equities is responding to the acute demand for distribution and fulfillment centers that’s arisen as a result of the Covid-19 pandemic and the labor shortage exacerbated by the health crisis.
We very much value the Box team’s deep retail experience and relationships which give the partnership differentiated advantages. Box Equities has an innate understanding of the interaction between retailers and logistics, which gives our venture unique expertise to identify new opportunities.”
Mike Vu, Principal at Artemis.
The pandemic-forced closures of manufacturing facilities combined with unprecedented demand has led to a major disruption in the global logistics industry. Warehouse space and a reliable labor force have become increasingly more valuable as ecommerce continues to skyrocket.
“The current supply chain disruptions that we are seeing will continue into the foreseeable future,” said Haim Dabah, chairman of Box Equities. “Retailers and manufacturers today need a reliable and efficient labor force to move the products to consumers. By investing in areas with loyal labor pools, we are mitigating many of the problems that the logistics industry is currently experiencing.”
Mac Dabah, Managing Director of Box Equities, added, “We are very excited about our new partnership with Artemis and the wealth of knowledge, relationships, and resources they provide. As the supply chain crisis forces retailers and wholesalers to take a fresh look at facilities, locations, and labor availability, we are seeing many new opportunities which will accelerate the growth of this joint venture.”
Marc Belsky of Marc Belsky Ltd., who brokered the partnership, said, “I am pleased to have arranged this equity relationship between Artemis and Box. This very strategic partnership joins the $6 billion-dollar private equity fund with a team whose relationships extend directly into the C-suite of many Fortune 500 retailers. This partnership will provide Artemis and Box with the ability to quickly capitalize on market and tenant demand, as well as leasing insight not available to others.”
Box Equities’ four cofounders include retail and real estate veterans Haim Dabah, Mac Dabah, Ori Schwartz, and Michael Dabah. Their combined expertise at the intersection of retail, logistics and real estate uniquely positions Box Equities to help retailers unlock liquidity and enhance their balance sheets in a variety of ways, including through creative leasing solutions.
About Box Equities
Box Equities helps retailers rationalize their real estate to improve liquidity and profitability. Chairman Haim Dabah, a 40-year retail veteran, has extensive experience building and marketing digitally native brands. Dabah in 2007 sold Regatta to the then $20B Hong Kong-based global supply chain conglomerate Li & Fung. His son, Mac Dabah, cofounder and managing director of Box Equities, is an experienced commercial real estate investor with extensive logistics experience. Ori Schwartz, cofounder and director of acquisitions, is a seasoned real estate investment manager with a deep understanding of the e-commerce landscape, and general counsel Michael Dabah brings a strong grasp of the retail and real estate industries and a creative approach to complex commercial transactions.
EY | August 05, 2020
To better respond to today's rapidly changing supply chain ecosystem, EY announces an expanded alliance with Procter & Gamble (P&G) to provide a broad range of supply chain capabilities designed to address businesses' unprecedented challenges and market disruption as a result of the COVID-19 pandemic.Harnessing the supply chain industry leadership of EY teams and P&G offers a differentiated approach to provide accelerated transformation and leading capabilities. Now more than ever, companies need end-to-end visibility to drive supply chain resilience while managing cost and agility to handle the effects and aftershocks of the COVID-19 crisis.Building off the existing EY-P&G Alliance, rooted in manufacturing excellence, the enhanced collaboration expands the scope of the relationship to additional supply chain processes, including strategy, planning, customer service, transportation and distribution to help accelerate transformation and reduce risk in the supply chain. The alliance covers a broad suite of intellectual property (IP) combined with a proven transformation methodology.